Converter - How does it work?

Hello

I have only used the Converter for P2V before so this is my question:

I am planning to use the Converter to expand the drives on a server (SQL box) and at the same time to move this server from ESX 3.0.1 to ESX 3.5 U4

Now will the virtual machine be copied from ESX 3.0.1 to ESX 3.5 U4 and have the new disk sizes on the new ESX 3.5U4 server and leave the original virtual machine on the ESX 3.0.1 server or will the Converter delete the virtual machine on the ESX 3.0.1 server and then move it to the new host ESX3.5U4 with the new disk sizes?

Thanks, Maelito